Report : North America Patient Engagement Technology Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Services, Hardware, and Software), Therapeutic Area (Fitness, Chronic Diseases, Women’s Health, and Others), Delivery Mode (Cloud-Based and On-Premises), Application (Health Management, Financial Health Management, Home Healthcare Management, and Others), and End User (Patients, Payers, Providers, and Others)
At 18.6% CAGR, the North America Patient Engagement Technology Market is speculated to be worth US$ 24,698.74 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America patient engagement technology market was valued at US$ 8,885.56 million in 2022 and is expected to reach US$ 24,698.74 million by 2028, registering an annual growth rate of 18.6% from 2022 to 2028. Growing adoption of patient-centric engagement solutions and increasing favourable government initiatives are the critical factors attributed to the market expansion.
The government in various countries is taking steps to assist in advancing information technology in healthcare. For instance, the FDA launched the Patient and Caregiver Connection program in 2018. Throughout the review and surveillance of the treatment, the program aimed to create engagement with patients, patient advocates, and caregivers. Furthermore, favorable government actions encourage the use of these solutions in emerging countries. Such initiatives will boost the overall adoption of web-based services, resulting in the growth of the patient engagement technology market.
On the contrary, shortage of skilled IT technicians hurdles the growth of North America patient engagement technology market.
Based on component, the North America patient engagement technology market is segmented into services, hardware, and software. The software segment held 47.9% market share in 2022, amassing US$ 4,252.56 million. It is projected to garner US$ 12,152.92 million by 2028 to expand at 16.2% CAGR during 2022–2028.
Based on therapeutic area, the North America patient engagement technology market is segmented into fitness, chronic diseases, women’s health, and others. The chronic diseases segment held 40.8% market share in 2022, amassing US$ 3,627.25 million. It is projected to garner US$ 9,805.55 million by 2028 to expand at 15.3% CAGR during 2022–2028.
Based on delivery mode, the North America patient engagement technology market is bifurcated into cloud-based and on-premises. The cloud-based segment held 63.2% market share in 2022, amassing US$ 5,616.91 million. It is projected to garner US$ 15,910.02 million by 2028 to expand at 16.0% CAGR during 2022–2028.
Based on application, the North America patient engagement technology market is segmented into health management, financial health management, home healthcare management, and others. The health management segment held 44.0% market share in 2022, amassing US$ 3,911.30 million. It is projected to garner US$ 11,232.23 million by 2028 to expand at 16.3% CAGR during 2022–2028.
Based on end user, the North America patient engagement technology market is segmented into patients, payers, providers, and others. The providers segment held 38.9% market share in 2022, amassing US$ 3,457.48 million. It is projected to garner US$ 9,783.08 million by 2028 to expand at 16.0% CAGR during 2022–2028.
Based on country, the North America patient engagement technology market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 46.3% market share in 2022. It was assessed at US$ 4,110.84 million in 2022 and is likely to hit US$ 11,818.35 million by 2028, exhibiting a CAGR of 19.2% during the forecast period.
Key players dominating the North America patient engagement technology market are AdvancedMD, Inc.; Allscripts Healthcare, LLC; athenahealth, Inc. (Veritas Capital); Cerner Corporation; Epic Systems Corporation; GetWellNetwork, Inc.; Lincor, Inc.; McKesson Corporation; Medecision; and Orion Health Group of Companies among others.
- In Dec 2020, Cerner Corporation build its existing partnership with a digital health vendor. The Corporation makes it easier for clinicians to prescribe digital health technologies to patients within the EHR. The new capabilities provide streamlined digital ordering and monitoring solutions, aiming to help health systems choose, manage, and deploy tools and applications while increasing remote monitoring and patient engagement.
- In Oct 2019, McKesson Corporation, expanded its collaboration with Augmedix. Augmedix turns natural doctor-patient conversation into medical charts in real time and provides doctors with hardware, to securely livestream the clinic visit to its cloud-based platform. McKesson would offer Augmedix EHR charting services to specialty practices with a mission for providers to spend less time on data entry and more time on patient care.
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